Liberalisation, Privatisation And Globalisation : An Appraisal

Question

Discuss the industrial policy of 1991. How is it different from earlier policies?

Answer

Industrial policy 1991 aimed at privatisation, globalisation and liberalisation of the economy. It is different from previous policies because it assigns more importance to private sector, stressing on delicensing, disinvestment and reduces restrictions on imports.

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